Monthly Archive: June 2008

May Prices Up More Than Expected

Well, that’s not what the article title says: May Retail Sales Up More Than Expected.

Rebate checks? More money on hand? Do the people who write these things actually do any shopping?

I could easily buy retail prices being up by the 0.8% stated, after factoring out certain big ticket items and gas. There’s just no factoring out the cost of fuel from the cost of groceries and other goods.

Painting this as rosy sales news is almost like thinking that the same percentage profit on $138 that you made on $50 is a “windfall.”